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Sensex climbs 209 points on global cues; macro data eyed

12 June, 2018 11:22 AM
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The BSE Sensex surged 209 points to close at an over four-month high of 35,692.524 on Tuesday, taking positive leads from the global markets as investors largely welcomed a historic summit between the U.S. and North Korea.

Building up of positions by participants ahead of release of IIP and inflation data also influenced trading sentiments, brokers said.

The BSE Sensex stayed in the positive terrain throughout the session and hit a high of 35,743.08 before ending at 35,692.52, higher by 209.05 points, or 0.59%.

This is its highest closing since February 1, when the index had closed at 35,906.66.

The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52%, at 10,842.85.

Sentiment got a boost on the back of a firming trend in overseas markets after U.S. President Donald Trump signed a deal with North Korean leader Kim Jong-un on denuclearisation of the Korean peninsula.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net ₹1,062.82 crore, while foreign portfolio investors (FPIs) sold equities worth ₹1,156.77 crore yesterday, according to provisional data.

Also read: Indices close the week lower, but Sensex holds above 38,000

Source: thehindu.com

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